Examlex
During the norming stage of group development:
Account Receivable
The amount customers are required to pay to a firm for goods and services already received but not yet paid for.
Payee
The party in a financial transaction who receives the payment.
Note Receivable
A written promise that a specified amount of money, plus potentially interest, will be paid by one party to another by a specific date.
Maker
In finance, the party that creates or issues a financial instrument, such as a check.
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